Texas State AutoTitle Loan Regulation

States that permit car-title lending as of December 2012

State:

Status:

Citation:


Max Loan:

Cost Limits:

NSF/Fees:

Term Limits:

Cost $500:

Sale/LeaseBack?:

Repo Terms:

Right to Cure:

Surplus/Deficiency:

Prohibited Practices:

Title Required:

Texas

Permit

Tex Fin. Code tit. 5 §§ 393.001-393.628; Tex. Admin. Code tit. 7 §§ 83.1001-83.6008; /Ch. 302, Texas Finance Code; Title 1 Texas Business and Commerce Code 

No cap

10% interest cap; no fee limit 



Contracts for credit services cannot exceed 180 days 

No cap. Ave. based on regulator data: 114.11 or 277% APR











Yes